BUSINESS NOTES VERTEL CORP. SELLS SOFTWARE TO RANCH.WOODLAND HILLS - Software developer Vertel Corp. has secured a sale of its e ORB VxSim software to the New Jersey-based computer firm Ranch Networks. The two companies have enjoyed a relationship in the past, with Ranch licensing Vertel's e ORB VxWorks network management materials in 2000. The software e ORB VxSim is designed to allow programmers to test-run their applications prior to installation of network hardware. - Daily News SoapCity, AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. in daytime drama CULVER CITY Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. - SoapCity, a division of Sony Pictures Digital Sony Pictures Digital, first known as Columbia TriStar Interactive, then Sony Pictures Interactive Network (or SPiN), is known as the digital website interactive creator for Sony Pictures Entertainment (SPE) that was established in 1997. Entertainment, announced Monday an agreement with America Online Inc. that will make SoapCity the leading provider of soap opera content on the AOL service. Beginning next Monday, SoapCity will become a significant source for coverage of all of the daytime dramas for users of America Online, AOL.com, Netscape, CompuServe, ICQ ("I Seek You") A conferencing program for the Internet from Mirabilis, Tel Aviv, Israel (www.icq.com). It provides interactive chat, e-mail and file transfer and can alert you when someone on your predefined list has also come online. , AOLTV (America OnLine TV) An Internet TV service from AOL that provides access via a phone line or through the DirecTV satellite from Hughes Electronics. Versions of the AOLTV set-top boxes also include the TiVo technology for digitally recording TV programs. and AOLPlus. - City News Service Short-term T-bill rates head lower WASHINGTON - Interest rates on short-term Treasury securities fell in Monday's auction. The Treasury Department sold $9 billion in three-month bills at a discount rate of 4.200 percent, down from 4.370 percent last week. An additional $8 billion was sold in six-month bills at a rate of 4.120 percent, down from 4.220 percent. The three-month rate was the lowest since April 12, 1999, when the bills sold for 4.190 percent. The six-month rate was the lowest since Oct. 19, 1998, when the rate was 3.865. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, fell to 4.17 percent last week from 4.31 percent the previous week. - Associated Press Boards approve Alza acquisition NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Johnson & Johnson is expected to announce today that it will acquire the Alza Corp., a fast-growing drug company that creates alternative ways to deliver medicines to the human body - such as nicotine patches - for $11.8 billion in stock, executives close to the deal said. The deal, which the boards of both companies approved late Monday, is intended to bolster Johnson & Johnson's prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, business amid increased competition and stagnating sales. - The New York Times |
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